investment funds from wealthy foreigners most of the money through corporations registeredinpanama. someof the most secretive of business laws exist there in panama. does that story prove the president's points, that business leaders don't come by successful initiatives on their own? >> well, i think certainly not, tom. i think the recent polls you've cited have shown that the president's false attacks on mitt romney aren't working right now and the people care about the economy. i want to turn to your point about the context of the president's you didn't build that remark. there was a good article by phil klein this morning saying that the contextually made that comment worse. if you look at the whole speech and what he's arguing, it's that the way that we're going to fix this economy, the way that we're going to get out of this ditch is through more government and not by unleashing the private sector. his argument was that people, small business owners, you're not that smart, you didn't work that hard, you didn't earn that. it happened because of the government. that's the wrong way t

, bain and co-people. there are also these kind of mysterious, you know, there's a genevatrustee,panamacorporations.there are trusts. these are, for any tax authority around the world, these are big red flags. camp panama, i describe in the article, a u.s. customs official calling it one of the filthiest money laundering sinks in the world. this is not -- we're not talking here about u.s. investors breaking u.s. tax -- we are talking about foreigners cloaking their money in these offshore structures and the money coming in. and that just raises an awful lot of questions. you know, did those investors break their own country tax laws? are they committing tax evasion in those countries? el salvador was certainly one of the countries where a lot of those investors were coming from. you know, that was a country torn apart by class warfare and military conflict. you know, this kind of thing about tax evasion can, you know, is sort of a symptom of the kind of impunity of the elite of these countries. it raises a very sort of nasty set of questions about, you know, was that a vehicle for for

importantly, i don't see pensacola, i don't see fort walton, i don'tseepanamacitybeach, not the redneck riviera. >> mcclain. >> mcclain, come on. it looks like a town where a bunch of hip peas hang out and smoke pot or something. >> you sound the way colbert drilled me one day. it's great to see you, joe, and you know i visited pensacola a number of times and worked with them on making their city and helping their institute and everything they're doing down there. and they're doing good. florida is better. i spend the winter in miami, but it's got toin ve invest a little in that technology, it's got to bring skills. huntsville does great. it may not be tuskarawas loocal it's doing great at growing its economy. >> we have a chance to grow in the next 20, 30, 40 years. if we crack the code on an energy source that's cheap enough and economical enough that we can produce it on scale and run the economy, you will see smaller college towns just like richard is talking about absolutely explode. instead of some oil taxes in sau saudi arabia or some natural gas fields in pennsylvania, you will